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India’s export of jute products, including floor covering, increased by 21.92 per cent to $41.72 million in June 2022, compared to exports of $34.22 million in June 2021, according to a release of the ministry of commerce and industry, Government of India. There is better demand for jute products in both local and global markets after COVID-19.
According to Fibre2Fashion’s market insight tool TexPro, raw jute (TD-5) was traded at ₹6,200 per quintal in local market on Monday. The prices reduced drastically below ₹4,000 per quintal during COVID period. But the prices touched a high of ₹8,100 per quintal in June 2021 when there was a spur in demand due to recovery in economic activities. But currently, the prices are maintaining average levels which supported better export amid good demand.
India’s export of jute products, including floor covering, increased by 21.92 per cent to $41.72 million in June 2022, compared to exports of $34.22 million in June 2021, according to a release of the ministry of commerce and industry, Government of India. There is better demand for jute products in both local and global markets after COVID-19.
Fibre2Fashion News Desk (KUL)
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